The R's are hoping to strike a deal with the Reds over the England midfielder, who has failed to impress since joining from Chelsea last summer.

Liverpool could be ready to pick up a third of Cole's wage packet while he plays for the Loftus Road outfit, according to talkSPORT.

QPR face competition from Cole's former club West Ham United, who are also interested in bringing him back to Upton Park on a season-long loan as they chase promotion back to the top flight at the first attempt.